Nomura awaiting an opportunity to buy EUR/JPY

  • “Near-term USD/JPY movements will depend on how the Ukraine situation unfolds, but the widening divergence in monetary policy between Japan and the US will likely limit the risk of a strong JPY. Market attention on Japan’s inflationary pressures is also on the rise, but we do not expect an acceleration of inflation in the Tokyo CPI data release next Friday”

  • “We thus maintain our bearish view on JPY, even though there are near-term headline risks from the situation in Ukraine. We maintain our USD/JPY call spreads, while waiting for an opportunity for EUR/JPY long positions if the situation in Ukraine calms down”



For
bank trade ideas,







check
out eFX Plus







.

ps. Tokyo area CPI is due on Friday 25 February 2022 Japan time

  • 2350 GMT on Thursday 24 February 2022

tokyo cpi 23 February 2022

This
snapshot from the ForexLive economic data calendar,
access
it here
.

The
times in the left-most column are GMT.

The
numbers in the right-most column are the ‘prior’ (previous month)
result.

The
number in the column next to that, where is a number, is what is the
consensus median expected.

LEAVE A COMMENT

Your email address will not be published.